Yes, the recent lead counsel news is heavy on securities. When the rest of the class action bar inevitably resumes its infighting, imPaneled will reflect that. In the meantime, more securities news. Berman DeValerio landed the opening salvo in City of Brockton Retirement System v. Avon Products, Inc., No. 1:11-cv-04665 (S.D.N.Y.) (Gardephe, J.). Wolf Popper and Motley Rice followed suit, the latter with the largest financial interest–by far. Late last week, the court entered a stipulated order appointing Motley Rice as lead counsel, the others to the Executive Committee. The docket is here.
All posts tagged Berman DeValerio
Know when to hold ’em . . .
Posted by Bart Cohen on 10/06/2011
https://impaneled.com/2011/10/06/know-when-to-hold-them/
Hot off the press
Two weeks ago, Judge Scheindlin of the S.D.N.Y. entered Kessler Topaz’s proposed order appointing that firm as lead counsel in In re: Longtop Financial Technologies Limited Securities Litigation. Earlier today, she entered an opinion explaining herself at some length. Three of the other five contenders–represented by Berman DeValerio, Robbins Geller and Kaplan Fox–earlier effectively conceded defeat based on their clients’ relatively small financial interests in the case. Another contender, represented by Curtis Trinko and Saxena White, withdrew its motion and threw its support to Kessler Topaz. The Rosen Law Firm and Wohl & Fruchter fought to the bitter end on behalf of their common clients. Judge Scheindlin’s opinion is here. The docket is here.
Posted by Bart Cohen on 10/04/2011
https://impaneled.com/2011/10/04/hot-off-the-press/
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